Forum Archive Index - July 2001

["Ben Dutton" <bendutton@sharechat.co.nz>]

I feel it is best if I step in here to make some comments.

 

ShareChat is all about sharing different investment tips, techniques and strategies.  Ian Rawnsley from STANZ sent in his message informing chatters of the upcoming STANZ event in this spirit. 

 

I do not think it is constructive to send in messages that personally attack the speaker at the STANZ event - lively debate is ok, personal mudslinging is not. 

 

The original message sent in by Ian was of interest to some chatters - if it wasn't of interest to others, perhaps because technical analysis isn't used as an investment tool by them, the "delete" button could have been used and the matter closed.

 

Thanks all, and I look forward to reading a friendly and constructive ShareChat Forum in the future, as it is 99.9% of the time.

 

Best Regards

 

Ben Dutton

ShareChat Manager

 

----- Original Message -----

From: nick

To: sharechat@sharechat.co.nz

Sent: Wednesday, July 18, 2001 5:31 AM

Subject: Re: [sharechat] Interesting Phenomenon these Seminars

            This confrms my suspicions, i would advise any members

of this group to think very carefully before they part with any of their

hard earned money to attend any of these seminars.

       I have been to the website (bottom of page) and it has the same

look as those countless spam letters promoting pyramid schemes etc.

         Interesting too that shortly after his post we recieve another

message from a "satisfied customer", very eloquantly and persuasivly

worded, just like all the best spam

 

        Nick

 

Interesting comments Tony and others.

 

"... have they found an easier way of parting punters from their money"

 

Perhaps you can explain how anybody selling anything makes you part with your own money?  Surely you part with your own money on your own accord? If you buy anything, you do so at your own free will don't you? I suggest that placing blame on educators, successful or otherwise, is simply not accepting responsibility for your own actions. What happens when you make a losing trade? Do you blame the market? Do you blame your broker?

 

I teach because I have 16 years of extensive market knowledge and people are willing to pay for that knowledge. You presumably go to work because your employer believes that you add value to his bottom line. He then compensates you. There is no difference.

 

I trade and yes I make money as a trader. I teach and yes I make money from teaching. I also run a fund and yes, the investors pay me management and incentive fees. I do consulting work for institutions and yes I get paid for my advice. Do I feel bad if someone wishes to "buy" my knowledge?  Do I feel bad if I take profits from the markets knowing its a zero-sum game and that someone had to lose? No, of course not.

 

I am not being paid by STANZ (except airfares and accommodation) to talk on either Thursday or Saturday. I'll make you a deal that I personally will not even mention that I teach or run courses during my brief 3 day stay. If you attend the Saturday conference and feel that you learnt nothing new, then I will happily send a cheque to compensate. Simple.

 

I look forward to meeting with you Tony.

 

Nicholas Radge

_{__________________________________________________________________________________________________}
Nicholas Radge
Commodity Trading Advisor
Reef Capital Pty Limited
q www.reefcap.com
( +61 2 9415 8291
Ê +61 2 9415 8529
* nick_radge@reefcap.com